Date: 28 August 2017

Proposed Change of Company Name

Proposed company name FINTEC GLOBAL BERHAD

Remarks :
The Board of Directors of Asia Bioenergy Technologies Berhad ("the Company") wishes to announce that the Company is proposing to change its name from " Asia Bioenergy Technologies Berhad" to "Fintec Global Berhad" ("Proposed Change of Name").

The Proposed Change of Name is to better reflect the global corporate identity and further enhance the brand image of the Company.

The use of the proposed name of Fintec Global Berhad was approved and reserved by the Companies Commission of Malaysia ("CCM") on 23 August 2017 and the reservation of the name is valid for a period of 30 days from the date of approval.

The Proposed Change of Name is subject to the approval of the shareholders of the Company at the forthcoming Extraordinary General Meeting to be convened at a date to be announced later.

The Proposed Change of Name, if approved by the shareholders, will take effect from the date of issuance of the Notice of registration of new name by the CCM to the Company.

A circular containing the details on the Proposed Change of Name will be issued to the shareholders of the Company in due course.

This announcement is dated 28 August 2017.